India funding daily: DropKaffe, Reverie, Infinite Analytics, iamWire

A daily look at the top startup funding and acquisition news from IndiaAugust 31, 2015, 15:00 IST

Here is quick look at some of the top startup funding and acquisition news from India

DropKaffe raises $300K led by Manish Singhal and P39 Capital

The company has now raised $300,000 in funding from a seed round led by angel investor Manish Singhal and Silicon Valley-based fund P39 Capital along with participation from other angel investors based in the US, India and Singapore, to help with its expansion plans. Read more.

Reverie raises $4 million investment from Aspada and Qualcomm Ventures

Reverie Technologies, a Bengaluru-based startup that devises local language solutions for the Internet, has raised $4 million in Series A funding in a round led by Aspada Investment Advisors, with participation from existing investor Qualcomm Ventures. Read more.

Existing investors including Nikhil Vora of Sixth Sense Ventures and new investors from Silicon Valley and India participated in this funding round. Tim Berners-Lee, inventor of the World Wide Web, and Deb Roy, Chief Media Scientist at Twitter, are advisers and investors in the company. Read more.

Growthword Digital Private Limited, the holding company of iamWire has raised undisclosed investment from a group of China-based investors, in return for a minority stake. The round was led by APUS Group founder and CEO Li Tao; Draphant Consultants founder and CEO Li Jian and other investors including, Nitin Garg, Saurabh Jain and Mohit Agarwal. Read more: Iamwire.